FUND(S):

Sources of Revenue:

Legislation creates:

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

The stated purpose of this bill is to provide a means for the withdrawal of tax liens that have been filed prematurely, inadvertently or erroneously.

As written, this bill provides that upon the determination of the State Tax Commissioner, or the State Tax Commissioner’s designee, that a lien was recorded prematurely, inadvertently, or otherwise erroneously, a withdrawal of the lien for recordation shall be signed and delivered to the Taxpayer by the proper official. This authorization will improve Taxpayer convenience in circumstances where lien withdrawal is appropriate so that an erroneous lien does not negatively affect the credit rating of the Taxpayer. Passage of this bill will have no effect on revenues due the State.

Passage of this bill will not result in any additional administrative costs to the State Tax Department.

Fiscal Note Detail

Effect of Proposal

Fiscal Year

2013Increase/Decrease(use"-")

2014Increase/Decrease(use"-")

Fiscal Year(Upon FullImplementation)

1. Estmated Total Cost

0

0

0

Personal Services

0

0

0

Current Expenses

0

0

0

Repairs and Alterations

0

0

0

Assets

0

0

0

Other

0

0

0

2. Estimated Total Revenues

0

0

0

Explanation of above estimates (including long-range effect):

As written, this bill provides that upon the determination of the State Tax Commissioner, or the State Tax Commissioner’s designee, that a lien was recorded prematurely, inadvertently, or otherwise erroneously, a withdrawal of the lien for recordation shall be signed and delivered to the Taxpayer by the proper official. This authorization will improve Taxpayer convenience in circumstances where lien withdrawal is appropriate so that an erroneous lien does not negatively affect the credit rating of the Taxpayer. Passage of this bill will have no effect on revenues due the State.

Passage of this bill will not result in any additional administrative costs to the State Tax Department.